Rigged Benchmark Probes Proliferating From Singapore to London

Rigged Benchmark Probes Proliferating From Singapore to London

Simon Dawson/Bloomberg

Barclays Plc, UBS AG and Royal Bank of Scotland Group Plc have been fined about $2.5 billion in the past year for distorting the London interbank offered rate, which is tied to $300 trillion worth of securities.